ADVISORY/Meara of Alogent and Bost of Diebold Participate on the 'Point of Presentment Strategies in a Check 21 World' Panel at TAWPI Checks in Transition/2004 Conference.Business Editors ADVISORY...for Thursday Thursday: see week. (Mar. 4) TAWPI (The Association for Work Process Improvement, Boston, MA, www.tawpi.org) A membership organization dedicated to the improvement of work processes in data capture, document and remittance processing. Checks in Transition Conference --(BUSINESS WIRE)
Who: Robert Meara, director of product marketing for Alogent
Corporation and Peg Bost, director of financial industry
marketing for Diebold, Incorporated, are co-presenting on a
panel discussion at the TAWPI Checks in Transition/2004
Conference. Currently, Alogent processes one billion
transactions annually in the U.S. and is the technology
supplier for the largest branch deposit automation
implementation in the world. Diebold is a global leader in
providing integrated self-service delivery systems, security
and services. Andy Kurtz, product Manager for Wausau Financial
Systems, will also participate on the panel.
What: According to The Check Stops Here: The Forces Moving Check
Truncation to the ATM, a paper published by CELENT, the ATM has
been an overlooked factor in improving the check deposit
handling process. ATMs handle, on average, only 10 to 15
percent of total retail check deposits, but they have a proven
potential to handle more than 40 percent. By capturing images
and data at the ATM, banks can generate savings as high as 75
percent per item.
The Diebold-Alogent presentation will provide attendees with a
high level view of the universal benefits of an enterprise-wide
image and data workflow from all points of presentment,
including such locations as teller counters, commercial back
counters, cash vaults, ATMs, corporate lockboxes, and merchant
back offices. The participants will then make a closer
examination of the specific benefits and challenges facing
bankers integrating image and data capture at the ATM.
Deposit automation increases consumer satisfaction by enhancing
the quality of the deposit transaction, increasing the accuracy
of float assignment and improving workflow efficiencies. Check
imaging at the point-of-service enables institutions to better
manage risk by reducing the chance for fraud, bad checks or
kiting.
In addition to significantly reducing check-processing costs,
deposit automation allows financial institutions to accelerate
electronic check clearing and settlement under Check 21.
Where: TAWPI Checks in Transition Conference
Millenium Hotel
St. Louis, MO
When: March 4, 2004
11:30 a.m. - 12:30 p.m.
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